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Showing posts with the label rial

Man Sets Himself Ablaze, Rial Keeps Dropping

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by Jolie Kavar Man sets himself ablaze this morning in Tehran outside the Town Hall. It is possible the mid-aged man set himself ablaze due to the US dollar selling at 130,800  Rial . The economic crisis is out of hand by President Rouhani’s Cabinet. He has received top official’s blows since last week and was pressured in Majlis. The Iranian rial is scraping off its ever lowest to the dollar leaving two-thirds of the population under poverty margin. The self-immolation of this man, who is now close to death, is a result of a 40 year long corrupt regime. A short video and picture were wired on Iranian social media an hour ago. Iran’s state-run media have also reported the incident. Other unrest in society since May has been the nationwide truck drivers’ strike.  The Iranians are unhappy about daily high prices and unstable markets. Most of the people are now either out of jobs  or will soon have to think about other ways to overcome the present situati...

Iranians Unhappy About High Prices, Unpaid Wages

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September 2, 2018   by  Jolie Kavar Iranians unhappy about high prices blame the corrupt regime of an unfit policy. The livelihood situation in Iran is at a rapid disaster pace with one-third of the Rial blown away. The Iranian currency value against the dollar has turned lives into nightmares. Iran News Wire  interviewed a number of Iranian citizens living in Tehran to  share their living facts . The first parts of the list is a close up on a municipality employee’s life in Tehran. “I have a little kid and need to buy diapers for her. Two months ago the price of diapers was 25 thousand Tomans and now it’s 50 thousand. Dried milk has gone from 18 thousand Tomans to 25500. This is while our salary has only increased by 10% but supplies have doubled in prices. Cost of basic commodities like oil and rice have doubled and we can only purchase half our needs. I had sold a car for 63 million Tomans and if I want to buy that same ca...